COMMERCIAL LAW Essay Example | Topics and Well Written Essays - 250 words - 1

COMMERCIAL LAW - Essay Example In an effort to combat terrorism, the UK has introduced laws to punish perpetrators of these activities. Under the law, the principal terrorist offences are outlined. Under section 15 of the terrorism Act2, it is deemed an offence to get involved in a fundraising with prior information that the funds raised or property used for that matter may be used for terrorism activities. It is considered an offence to possess or use money or property for terrorist activities with reasonable cause to suspect such is used for the activities. The act further states that it is an offence to be involved in any arrangement that makes money or property to another party with knowledge or reasonable cause to have suspicion that it supports acts of terrorism. Finally the act clearly stipulates that it is an offence to be involved or concerned in arrangements that facilitate the control of terrorist property by or on behalf of a different person3. These laws have been effective in curtailing terrorism fin ancing in the UK. The discussion above clearly brings out the measures and their effectiveness in fighting the global vice. It is a measure that has been adopted across the world to combat and end terrorist activities. In conclusion therefore, it is prudent that states emulate the policies and laws enacted by the UK to fight terrorism financing. Being a global phenomenon, it is vital that other countries join the fight and come up with tighter legislations that will improve security for everyone around the world. Terrorism activities cause harm and instill fear to the general populace. Above all it causes death and punitive measures in form of legislation need to be adopted and effected. 1FH Newark, ‘The Boundaries of Nuisance’ (1949) 65 LQR 480; Richard Kidner, ‘Nuisance and Rights of Property’ [1998] Conv 267; Ken Oliphant,